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RAIL Cryptocurrency: The Vitalik Endorsed Privacy Protocol

2024-06-13 09:33:18

Railgun is known for being the most secure DeFi solution to ever exist on the market. In fact, Vitalik Buterin, the co-founder of Ethereum, has so far used a small portion of his ETH to interact with Railgun almost every month since its launch. When asked, Vitalik replied that Railgun uses a privacy protocol that prevents malicious actors from joining and protects user privacy. 

That evidently led the RAIL crypto price through the roof, with most crypto enthusiasts jumping in to buy this coin mainly because God V (Vitalik) praised it. That said, let's take a look at what this coin is all about. 

What is Railgun (RAIL)?

Railgun is an ERC20 privacy-focused protocol based on the Ethereum network, taking advantage of the ZK (Zero-Knowledge) cryptography to enhance privacy transactions within DeFi and smart contracts. This protocol is designed to work across multiple platforms, including BSC, Polygon, and Arbitrum. 

That allows users to shield their tokens into private addresses, thereby conducting anonymous transactions with full privacy. Railgun, with its native token RAIL, has been in the market for quite a while, with CoinEx being their largest CEX supporter. 

Ethereum founder Vitalik voiced a strong support for privacy within the crypto space as a norm and standard, not an exception. On social media, the ETH founder has praised the importance of privacy ensuring financial freedom, a direct reflection of the current legal actions against privacy technologies. He's even endorsed DeFi privacy platforms such as Railgun, which promises enhanced privacy without compromising functionality or security. 

Thanks to all that endorsement from God V and CoinEx, among other big players, Railgun has recently exceeded $1 billion in transaction volume, marking a huge achievement. In addition, the protocol's total value locked has also witnessed significant growth within this time. 

Aside from that, the decline of RAIL's competitors, such as Tornado Cash, further fueled RAIL's price action as crypto investors moved their funds to Railgun. The continuous use of this protocol by Vitalik shows the reliability of the network for secure transactions. 

Buy RAIL on CoinEx

As the largest CEX platform supporting RAIL, CoinEx is the best place to buy this coin. Take this opportunity to leverage this coin before its next bullish cycle, which will likely happen around the corner. With all the support that this coin is receiving from some of the big names in the crypto world, there's no doubt that RAIL is set to become the next big privacy protocol crypto in the market. 

Overview

*This article does not constitute investment advice.

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